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Bullish Tone Re-Emerges *RES 4:....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bullish Tone Re-Emerges
*RES 4: 110.96 High May 6, 2019
*RES 3: 110.67 High May 21, 2019
*RES 2: 110.29 High Jan 17 and bull trigger
*RES 1: 110.25 High Feb 19
*PRICE: 110.24 @ 09:56 GMT Feb 19
*SUP 1: 109.53 Low Feb 7 and key intraday support
*SUP 2: 109.30 Low Feb 5
*SUP 3: 108.55 Low Jan 4
*SUP 4: 108.31 Low Jan 31
Bullish themes re-emerged this morning, with USDJPY taking out the Feb12 high to
strengthen the upside case. 110.29, the Jan 17 high, remains the near-term bull
trigger. A break reinforces bullish conditions and would pave the way for
strength towards 110.67, the May 21 high. This would also confirm a resumption
of the broader uptrend that has been in place since late August last year.
Initial support lies at 109.53, Feb 7 low.

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